December 13, 2009

Georgia TRS Cost of Living Adjustment for January 2010

This past week the Teachers Retirement System of Georgia (TRS) announced the cost of living adjustment (COLA) for retirees starting in January 2010.

The basics of the announcement was that if you retired between July 1, 2008 - December 1, 2008, you are not eligible for the 1.5% COLA since the Consumer Price Index (CPI) is still not above average from when you retired. Retirees from this period will continue to have the same gross benefit payments with the next review of the average CPI being in May 2010 (for the period starting July 2010).

ALL other retirees are eligible to receive the 1.5% COLA increase, and this change will be effective January 1, 2010.

To read the official letter from Jeffrey Ezell, TRS Executive Director, please click here.

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